Finance & Treasury Lead: Banking & Cash Flow

Rory Mackie & Associates; Cape Town; On-site; ZAR 600,000 - 900,000; Full time

Job summary

A leading South African fashion retailer is seeking a Finance professional in Cape Town to manage banking reconciliations, ensuring compliance with financial policies. The ideal candidate will hold a BCom or equivalent and have experience in a retail finance environment. Responsibilities include liaising with banks, preparing cash flow forecasts, and managing external relationships. Strong computer skills, particularly in Microsoft Office and Oracle Financials, are essential for success in this role.

Qualifications

• Experience in banking/treasury management.
• Experience in retail finance.
• Strong computer skills in Microsoft Office and Oracle Financials.

Responsibilities

• Reconcile company bank and GL accounts.
• Ensure compliance with banking policies.
• Prepare banking covenant calculations.

Skills

Reconciliation

Microsoft Office Suite

Oracle Financials

Teamwork

Education

BCom or equivalent

Tools

Business Online (Africa)

Job description

Overview:

Our client is a leading South African fashion retailer with a well-established reputation in the clothing retail industry. The organisation operates in a fast-paced retail environment and is known for its focus on quality, customer experience, and operational excellence within the fashion and retail space.

They are seeking a detail-oriented team player who can manage multiple deadlines, demonstrate strong problem-solving and prioritisation skills, and communicate effectively with the Finance Manager, internal teams, and external stakeholders (including stores and banks). The role also involves managing and maintaining relationships with external service providers, such as banking partners.

Responsibilities:

• Reporting to the Finance Manager, the primary responsibility is to ensure the reconciliation of all company bank and GL accounts and resolve/reporting all discrepancies
• Ensure the correct policies and procedures are in place and being followed by the banking team in collecting documentation from stores with regards to queries/discrepancy resolution
• Propose banking & treasury policy amendments/enhancements where applicable
• Incorporate new business developments into the daily reconciliation process where relevant (new stores, new bank accounts, new acquisitions, new tender types)
• Ensure system effectiveness and efficiency, by liaising with IT Finance routinely to prioritise, and escalate appropriately
• Routinely liaise with local and foreign banks regarding banking & treasury matters
• Ensure all queries are resolved within the permitted timeframes
• Ensure all Banking and Treasury KPI`s are met
• Assist the banking team with regards to succession and stand-in support, in the absence of any team members
• Liaise with external and internal audit as required
• Ensure accurate daily cash flow forecasting and efficient resulting investment/disinvestment and funding obligations are actioned meticulously daily
• Ensure all banking agreements are current and signed by management
• Manage funding monthly requirements, ensuring repayments/charges are actioned and accounted for correctly
• Preparation of banking covenant calculations and submission of all required funding agreement requirements to the necessary institutions within the required time periods
• Assisting in the secretarial duties for Investment Committee meetings
• Ensure the completion and submission of all legislative documentary requirements to various institutions within required deadlines
• Management of the head office petty cash function. Ensuring compliance with policy, updating policy as appropriate, spot checks and efficient office operation
• Accurate & timely completion of the company cash flow forecast

Requirements:

• BCom or equivalent
• Experience in the banking/treasury management
• Experience in a finance retail environment
• Experience in general finance processes including, inter alia, bank reconciliations, foreign currency translation and conversion, bank card queries, resolving bank discrepancies etc.
• Management/supervisory experience and working within a team dynamic
• Very strong computer skills: Microsoft Office suite (Outlook, Excel, Word), Oracle Financials, Business Online, new Business Online (Africa) and an appropriate bank reconciliation system

Competencies:

• Reconciliation of bank accounts across multiple organisations
• Very strong computer skills: Microsoft Office suite (Outlook, Excel, Word), Oracle Financials, Business Online, new Business Online (Africa) and an appropriate bank reconciliation system
• Ability to interact confidently with superiors and customers
• Ability to liaise with Local and Foreign Banking institutions and regulators
• Ability to handle and resolve client queries accurately and timeously
• Ability to co-ordinate banking month-end functions
• Ability to work as part of team
• Prioritise work appropriately
• Ability to meet tight deadlines and work under pressure

Behavioural:

• Self-starter self-motivated and self-managed
• Calm good communicator
• Organised and focused
• Team orientated
• Attention to detail
• Good energy and attitude
• Ability to multi task and prioritise appropriately